September 26, 2025

Get ready for some exciting news straight from India’s Finance Minister Nirmala Sitharaman! The government’s Bachat Utsav initiative, launched on September 22 after Prime Minister Narendra Modi’s big address, is already showing fantastic results. Traders, insurers, and companies are passing the GST rate cut benefits directly to consumers. Sitharaman told ET Now, "Every item where the benefit has been passed on, people are able to see it for themselves. It is not just verbal promises but visible in action." How cool is that? People buying medicines and everyday household items are enjoying big savings. According to the minister, "Daily-use items, monthly ration items, even medicines—people are seeing the difference. That means more money is staying in their hands." But wait, there’s more! The automobile sector is on fire, thanks to the GST relief. Major players like Maruti Suzuki and Hyundai are smashing records, with Maruti Suzuki selling a whopping 30,000 vehicles in just one day and getting 80,000 inquiries! Sitharaman said, "This shows the GST council’s decision, supported unanimously by states, is directly benefiting citizens and reviving consumer demand." Talk about a turbo boost for your wheels! On the banking front, Sitharaman gave a shoutout to the government’s reforms aimed at making public sector banks stronger and more professional. She mentioned Bank of Maharashtra’s breakthrough thanks to professional autonomy, praising the change away from "phone banking" times riddled with political interference. "Today, banks are healthy, doing well, and serving citizens better. This strengthens the economy as a whole," she asserted. With benefits flowing in insurance, healthcare, autos, and daily essentials, the finance minister is confident that consumer happiness will soar through the festive season. She summed it up saying the tax cuts show the Centre's firm commitment: "to put more disposable income in citizens’ hands while boosting India’s growth momentum." So, whether you’re shopping for medicines, a new car, or just putting food on the table, Bachat Utsav and GST rate cuts are making India's wallets happier and the market vibe livelier than ever!

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Tags: Gst rate cut, Bachat utsav, Nirmala sitharaman, Auto sales, Public sector banks, Consumer savings,